Apple

Apple awards Corning first Advanced Manufacturing Fund investment

Apple;

Apple today announced Corning Incorporated will receive $200 million from Apple’s new Advanced Manufacturing Fund as part of the company’s commitment to foster innovation among American manufacturers. The investment will support Corning’s R&D, capital equipment needs and state-of-the-art glass processing. Corning’s 65-year-old Harrodsburg facility has been integral to the 10-year collaboration between these two innovative companies and will be the focus of Apple’s investment.

It makes sense for Apple to invest and their supply chain, specially if they’re supplying the components to their most important product. Looks like these investment will be for US-based companies only.